Trump Boom or Gloom and Doom?Submitted by Financial Asset Management Corporation on January 31st, 2017
It wasn’t long ago that stock futures signaled a dramatic market decline in response to the electoral victory of Donald Trump as POTUS 45. Since then the market’s been pretty much straight up. Go figure? Certified Financial Planner and President of Financial Asset Management Corp. in Chappaqua and NYC, Scott Kahan talks about how to keep your emotions in check when investing as we enter the age of Trump-onomics!
How do you explain the Trump rally?
After the election the market expected a sell off but we had a major rally. The reason is that uncertainty was eliminated in the market. No one knows what would have happened with a Hillary win. Maybe we would have had a Hillary rally. Because the economy has been doing well.When you add in the prospect of lower taxes, regulatory reform and increased infrastructure spending that’s a good environment for business. And that changed the market’s outlook.....